Question: Find the nominal rate (j) given the below values: Compound Future Value $130,000 Compound Present Value $90,000 Term is 5 years Compounded every 3 months

Find the nominal rate (j) given the below values: Compound Future Value $130,000 Compound Present Value $90,000 Term is 5 years Compounded every 3 months (m=4) Round up your final answer to TWO decimal places.

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